Fogerty Company makes two products$$titanium Hubs and Sprockets. Data regarding the two products follow:

Direct Labor$-$Hours per Unit Annual Production

Hubs $0\mathrm{.}8015,000$ units

Sprockets $0\mathrm{.}4052,000$ units

Additional information about the company follows:

Hubs require $$37$ in direct materials per unit, and Sprockets require $$12.$

The direct labor wage rate is $$11$ per hour.

Hubs require special equipment and are more complex to manufacture than Sprockets.

The ABC system has the following activity cost pools:

Activity Cost Pool $($Activity Measure$)$ Estimated Overhead Cost Activity

Hubs Sprockets Total

Machine setups $($number of setups$)$ $ $25,20010080180$

Special processing $($machine$-$hours$)$ $ $147,0004,90004,900$

General factory $($organization$-$sustaining$)$ $ $116,000$ NA NA NA

Required:

$1.$ Compute the activity rate for each activity cost pool.

$2.$ Determine the unit product cost of each product according to the ABC system.